't Specialleken: what changed
't Specialleken
Largest movements
- Cash +€26,630
up €26,630 (+28.6%), from €93,252 to €119,882
mainly Net result for the year (+€28,899) and Depreciation (+€27,756)
- Tangible fixed assets -€22,660
down €22,660 (-32.2%), from €70,386 to €47,726
- Receivables within one year -€18,539
down €18,539 (-25.3%), from €73,341 to €54,802
of which Other amounts receivable: -€28,217
- Intangible fixed assets -€5,096
down €5,096 (-30.8%), from €16,561 to €11,465
- Debts after one year -€26,152
down €26,152 (-44.0%), from €59,404 to €33,252
- Trade debts +€24,115
up €24,115 (+108%), from €22,368 to €46,482
- Current portion of long-term debt -€15,677
down €15,677 (-37.5%), from €41,828 to €26,152
- Tax, wage and social debts +€10,530
up €10,530 (+81.6%), from €12,899 to €23,429
of which Taxes: +€10,319
- Reserves -€9,040
down €9,040 (-10.0%), from €90,634 to €81,594
- Gross operating margin -€32,807
down €32,807 (-19.5%), from €168,175 to €135,368
- Staff costs -€12,644
down €12,644 (-17.7%), from €71,319 to €58,674
- Taxes -€5,243
down €5,243 (-29.6%), from €17,722 to €12,478
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,438 | €241,858 | -€19,580 | -7.5% |
| Fixed assets | 21/28 | €86,948 | €59,192 | -€27,756 | -31.9% |
| Intangible fixed assets | 21 | €16,561 | €11,465 | -€5,096 | -30.8% |
| Tangible fixed assets | 22/27 | €70,386 | €47,726 | -€22,660 | -32.2% |
| Land and buildings | 22 | €41,873 | €32,290 | -€9,582 | -22.9% |
| Plant, machinery and equipment | 23 | €8,660 | €6,576 | -€2,084 | -24.1% |
| Furniture and vehicles | 24 | €48 | - | -€48 | |
| Leasing and similar rights | 25 | €19,805 | €8,860 | -€10,946 | -55.3% |
| Current assets | 29/58 | €174,490 | €182,666 | +€8,176 | +4.7% |
| Stocks and contracts in progress | 3 | €2,365 | €2,365 | = | 0.0% |
| Stocks | 30/36 | €2,365 | €2,365 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,341 | €54,802 | -€18,539 | -25.3% |
| Trade receivables | 40 | €11,668 | €21,346 | +€9,678 | +82.9% |
| Other amounts receivable | 41 | €61,674 | €33,457 | -€28,217 | -45.8% |
| Cash at bank and in hand | 54/58 | €93,252 | €119,882 | +€26,630 | +28.6% |
| Deferred charges and accrued income | 490/1 | €5,532 | €5,617 | +€85 | +1.5% |
| Total equity and liabilities | 10/49 | €261,438 | €241,858 | -€19,580 | -7.5% |
| Equity | 10/15 | €121,582 | €112,543 | -€9,040 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,634 | €81,594 | -€9,040 | -10.0% |
| Distributable reserves | 133 | €90,634 | €81,594 | -€9,040 | -10.0% |
| Profit (loss) carried forward | 14 | €24,748 | €24,748 | = | 0.0% |
| Amounts payable | 17/49 | €139,856 | €129,315 | -€10,541 | -7.5% |
| Amounts payable after more than one year | 17 | €59,404 | €33,252 | -€26,152 | -44.0% |
| Financial debts | 170/4 | €59,404 | €33,252 | -€26,152 | -44.0% |
| Amounts payable within one year | 42/48 | €80,452 | €96,064 | +€15,611 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €41,828 | €26,152 | -€15,677 | -37.5% |
| Trade debts | 44 | €22,368 | €46,482 | +€24,115 | +108% |
| Suppliers | 440/4 | €22,368 | €46,482 | +€24,115 | +108% |
| Advances received on contracts in progress | 46 | €3,357 | - | -€3,357 | |
| Taxes, remuneration and social security | 45 | €12,899 | €23,429 | +€10,530 | +81.6% |
| Taxes | 450/3 | €7,115 | €17,434 | +€10,319 | +145% |
| Remuneration and social security | 454/9 | €5,784 | €5,995 | +€211 | +3.7% |
| Remuneration, social security and pensions | 62 | €71,319 | €58,674 | -€12,644 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,178 | €27,756 | -€422 | -1.5% |
| Other operating charges | 640/8 | €2,058 | €2,605 | +€547 | +26.6% |
| Gross operating margin | 9900 | €168,175 | €135,368 | -€32,807 | -19.5% |
| Operating profit (loss) | 9901 | €66,620 | €46,333 | -€20,287 | -30.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150% |
| Financial charges | 65/66B | €5,578 | €4,956 | -€622 | -11.2% |
| Recurring financial charges | 65 | €5,578 | €4,956 | -€622 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €61,042 | €41,377 | -€19,665 | -32.2% |
| Income taxes | 67/77 | €17,722 | €12,478 | -€5,243 | -29.6% |
| Profit (loss) for the period | 9904 | €43,320 | €28,899 | -€14,421 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,320 | €28,899 | -€14,421 | -33.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.